Tag Archives: peter caruso

4 Chicago Corridors Retailers Should Explore

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Chicago is the nation’s largest retail market, containing more than 500-million-square-feet of retail space. But, tight retail vacancy rates on Chicago’s prime streets, like Michigan Avenue, are leading retailers to expand throughout the city. Retail sales growth prospects have become increasingly attractive and obtainable in the Windy City, with consumer spending now back to pre-recession levels with nearly four percent annual growth since 2010.

A tighter market makes sense given the disposable… Read More

Ringing Up the Competition in Chicagoland Grocery

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It wasn’t too long ago when the outlook for Chicago grocery could politely be called ‘uncertain,’ with the shuttering of Dominick’s 72 stores at the end of 2013 as the most visible sign of this. But that picture is changing, says Peter Caruso of JLL.

What’s the current state of the Chicagoland grocery landscape?

Peter Caruso says: Extremely competitive! As competition in the grocery arena… Read More